The panel on Thursday found Nicodemo Scarfo, 49, of Galloway, guilty of several counts including racketeering conspiracy, conspiracy to commit securities fraud and wire fraud.

Scarfo, a member of the Lucchese organized crime family of La Cosa Nostra (LCN) , and Salvatore Pelullo, 47, of Philadelphia — an associate of the Lucchese and Philadelphia LCN families — were convicted of all the counts against them, including racketeering conspiracy and related offenses, including securities fraud, wire fraud, mail fraud, bank fraud, extortion, money laundering and obstruction of justice.

They were accused of taking over a publicly held company by intimidation and then using its assets to buy cars, houses and a yacht named Priceless

Their lawyers argued their business with Irving, Texas-based mortgage company FirstPlus Financial was an unsuccessful but legitimate attempt to save a faltering company. Scarfo's father, Nicodemo "Little Nicky" Scarfo, led the Philadelphia Mafia until 1988 when he was convicted of racketeering and sent to prison.